First Financial Corporation Indiana (NASDAQ:THFF) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Key Points

• First Financial Corporation Indiana reported quarterly EPS of $2.31, beating analyst expectations of $2.03 by $0.28. Revenue was $74.96 million, slightly below the $75.31 million consensus estimate.
• The bank declared a quarterly dividend of $0.56 per share, equivalent to $2.24 annually and a 2.9% yield, with a payout ratio of 31.37%.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $87.25; shares recently traded near $76.46.

First Financial Corporation Indiana (NASDAQ:THFF - Get Free Report) announced its earnings results on Tuesday. The bank reported $2.31 EPS for the quarter, beating the consensus estimate of $2.03 by $0.28, FiscalAI reports. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. The company had revenue of $74.96 million for the quarter, compared to analyst estimates of $75.31 million.

First Financial Corporation Indiana Stock Performance

Shares of THFF stock opened at $76.46 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $76.63 and a two-hundred day simple moving average of $70.83. First Financial Corporation Indiana has a 12 month low of $52.45 and a 12 month high of $84.17. The firm has a market capitalization of $909.11 million, a PE ratio of 10.74 and a beta of 0.44.

First Financial Corporation Indiana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 2.9%. First Financial Corporation Indiana's dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analysts Forecast Growth

THFF has been the topic of several recent analyst reports. Weiss Ratings reissued a "buy (a-)" rating on shares of First Financial Corporation Indiana in a research note on Thursday. Brean Capital downgraded shares of First Financial Corporation Indiana from a "buy" rating to a "neutral" rating and set a $90.00 price objective for the company. in a research report on Friday, August 7th. Capital One Financial set a $90.00 price objective on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $87.25.

About First Financial Corporation Indiana

First Financial Corporation is a bank holding company headquartered in Terre Haute, Indiana. Its principal subsidiary, First Financial Bank, provides banking and financial services to individuals, families, businesses and organizations.

First Financial Bank offers a range of deposit products, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and wealth-management and trust services. The bank also provides insurance and investment-related services through affiliated or partnered offerings.

First Financial Bank traces its history to 1834 and serves communities primarily throughout western and central Indiana and eastern Illinois.

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